Portfolio manager and Global Strategist at Allianz Global Investors
Neil Dwane is a portfolio manager and the Global Strategist with Allianz Global Investors, which he joined in 2001. He coordinates and chairs the Global Policy Committee, which formulates the firm’s house view, leads the firm’s bi-annual Investment Forums and communicates the firm’s investment outlook through articles and press appearances.
Neil is a member of AllianzGI’s Equity Investment Management Group. He previously worked at JP Morgan Investment Management as a UK and European specialist portfolio manager; at Fleming Investment Management; and at Kleinwort Benson Investment Management as an analyst and a fund manager.
He has a B.A. in classics from Durham University and is a member of the Institute of Chartered Accountants.
Big Bang disruption: impacts on the financial markets
Investors remain in an environment of financial repression, despite good returns from most asset classes so far in 2017. Global interest rates remain at record lows with little urgent signs of sustained inflation causing a global “ hunt for income “. Dull global growth has meant that monetary policy has had to remain accommodative and cautious, leading many asset classes to become distorted and DM Sovereign bonds to offer “return-free risk” . As such, there is no safe income from cash and globally, investors are being forced either to “hunt for income” or to seek capital appreciation from equities where volatility and perception of risk is higher. Additionally, clients face precarious political and geo-political situations, which is hampering their ability to think longer term and to take sufficient risk to earn the returns they require.
Disruption and new technology are already influencing our economies and investment returns creating many winners and losers. Neil Dwane will consider how clients should best navigate these uncertain times waters and where investors should take risk to earn a return.